Yellen: Fed Providing Lawmakers With Names of Staffers

TODAY: May 5, 2015 PUB DATE: May 5, 2015

WASHINGTON--The Federal Reserve is providing a congressional panel with the names of its staffers who had contact with a consulting firm that published details of market-sensitive policy deliberations in October 2012, "with the understanding that the names will be kept ...

How a U.S. Textile Maker Came to Embrace Free -2-

TODAY: May 5, 2015 PUB DATE: May 5, 2015

While Mr. Milliken saw China is a major threat to the industry--he said in 1999 he was "outraged, totally outraged" by Congress clearing the way for China's entrance into the WTO--his successor sees the company's future there. Milliken opened an ...

UBS Profit Nearly Doubles -- Update

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By John Letzing ZURICH-- UBS AG said Tuesday that first-quarter profit nearly doubled from the same period last year on gains at its core wealth management business and a strong bump from its pared-down investment bank. Zurich-based UBS said net ...

French State Budget Deficit Narrows End-March Year-on-Year

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Nadya Masidlover PARIS--France's state budget deficit narrowed over the first three months of the year compared with the corresponding period in 2014, as spending fell and tax revenue rose. The deficit fell to 26.3 billion euros ($28.9 billion) at ...

Shift at McDonald's: Company Moves Toward More Franchising-- 3rd Update

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Annie Gasparro The new chief executive at McDonald's Corp. plans to sell more restaurants to franchisees and restructure international operations to cut $300 million in annual costs and create a more nimble business. Steve Easterbrook, in a much-anticipated presentation ...

Deutsche Bank Waiver Feeds Controversy at SEC

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Aruna Viswanatha WASHINGTON--The Securities and Exchange Commission is allowing Deutsche Bank AG to continue selling stocks and bonds after the bank pleaded guilty to manipulating interest rates, feeding a controversy over the waivers that has divided the agency. The ...

Brazilian Economy Struggles to Take Off

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Loretta Chao And Rogerio Jelmayer SAO PAULO, Brazil--With Brazil dogged by drought, a sluggish economy and a corruption scandal at its most important company, businesses in Latin America's largest economy have little to be optimistic about. Economists expect Brazil's ...

UBS Profit Rises

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By John Letzing ZURICH-- UBS AG said Tuesday that first-quarter net profit rose to 1.98 billion Swiss francs ($2.14 billion) from 1.05 billion francs reported in the same period last year. Analysts had expected Zurich-based UBS to report a net ...

Spanish Jobless Numbers Fall

TODAY: May 5, 2015 PUB DATE: May 5, 2015

MADRID--Spain's government said Tuesday the number of people seeking jobless benefits fell last month as the country's economic recovery strengthened. The labor ministry said that jobless claims fell in April by 118,923 to 4.33 million. Seasonally adjusted claims fell by ...

Malaysia March Exports Likely Contracted 3% on Year: Poll

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Saurabh Chaturvedi KUALA LUMPUR--Malaysia's March exports likely contracted further as plunging commodity prices including that of crude oil, natural gas and palm oil continued to weigh. Exports likely shrank 3% in March from a year earlier, according to the ...

Correction to Holcim, Lafarge Merger Article

TODAY: May 5, 2015 PUB DATE: May 5, 2015

Holcim Ltd. shareholders are scheduled to vote on its proposed merger with Lafarge SA on May 8. "Lafarge, Holcim to Sell Assets to Address Competition Concerns" at 5:51 p.m. EDT incorrectly said Lafarge shareholders also would vote on the proposal. ...

Indonesia's 1Q Growth Slows to Five-Year Low

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By I Made Sentana JAKARTA--Indonesia's economic growth slowed to a five-year low during the first quarter, which could erode confidence in President Joko Widodo's ability to turn the economy around quickly. Gross domestic product in Southeast Asia's largest economy grew ...

Asian Shares Mixed Ahead of RBA Rate Decision

TODAY: May 5, 2015 PUB DATE: May 5, 2015

Stocks in Australia rose Tuesday ahead of the central bank's interest rate decision, while investors in China focused on headlines around possible mergers of state-owned companies. Australia's S&P; ASX 200 was up 1% at 5887.50, with banks rising most. They ...

Correction to Indonesia Bonds Article

TODAY: May 5, 2015 PUB DATE: May 5, 2015

Data on Indonesia's bond offerings was from Dealogic. "Indonesia Bonds Shine as Investors Chase Yields," at 0212 GMT, misstated the company's name in the seventh paragraph. (END) Dow Jones Newswires May 04, 2015 23:02 ET (03:02 GMT) Copyright (c) 2015 ...

Australia Cuts Rates to a Record Low

TODAY: May 5, 2015 PUB DATE: May 5, 2015

SYDNEY--Australia's central bank cut interest rates for the second time this year on Tuesday, moving to shore up economic growth in the face falling commodity prices and a slowdown in China. Reserve Bank of Australia Gov. Glenn Stevens lowered the ...

Indonesia First-Quarter Growth Slows to More Than Five-Year Low

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By I Made Sentana JAKARTA, Indonesia--Indonesia's economic growth slowed to a more than five-year low in the first quarter, which could erode confidence in President Joko Widodo's ability to turn the economy around quickly. Gross domestic product in Southeast Asia's ...

Lafarge, Holcim to Sell Assets to Address Competition Concerns

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Maria Armental French cement giant Lafarge SA and Swiss rival Holcim Ltd. have agreed to sell several plants, terminals and a quarry to resolve regulatory competitive concerns over their $25 billion merger, the Federal Trade Commission said Monday. The ...

How a U.S. Textile Maker Came to Embrace Free Trade

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Bob Davis SPARTANBURG, S.C.--Milliken & Co., one of the largest U.S. textile makers, has been on the front lines of nearly every recent battle to defeat free-trade legislation. It has financed activists, backed like-minded lawmakers and helped build a ...